Struggling Jet Airways Monday said it does not have the money to pay interest to its debenture-holders, due Tuesday.
This is the second time the airline is defaulting on its foreign debt servicing since January 2, when it defaulted on repayments on its external commercial borrowings.
The airline, which has a debt of over Rs 8,000 crore, did not specify what the quantum of interest due Tuesday nor quantum of the debt on this particular account.
“The payment of interest due on March 19 to the debenture holder will be delayed owing to temporary liquidity constraints,” Jet Airways said in an exchange filing Monday.
